By Jim Willie, GoldenJackass.com
The Western nations really truly sincerely need a wake-up call on reality, and it is coming as a paradigm shift with shock waves.
When the coming dust clears, the evidence is plain that the change to be seen will be dead banks in dissolution with private bank accounts vacated. In other words, razed leveled banks with no functioning operating offices, and bank accounts showing zero balances. The consequence is ugly and powerful, lost client trust in the banking institutions.
Faith is a key ingredient to stable systems. The US account holders will be treated with stock shares in conversion for the dead banks, whose value will converge quickly to zero. Same effect, lost accounts. Expect soon the result to be a climax with bank runs.The bank runs will coincide with bullion bank runs, the fast removal of gold held in inventory vaults at the bullion banks.
The Fascist Business Model came into vogue in 2001. The merger of state with the largest of corporations, primarily the big banks, the big defense contractors, the big news media networks, and the big pharmaceuticals, has created a choke-hold around the neck of the nation, without 5% recognizing the function of the model during the strangulation in progress.
The merger with the deeply corrupted corporations in power became standard fixtures following the 911 attacks, an elaborate self-destruction of the fundamental structure of the nation and its priorities by the syndicate. Think a massive elaborate bank heist of gold bars, bearer bonds, and diamonds, but such discussion belongs in other venues. Let it be said that the events of September 2001 were the syndicate coming out party and the Patriot Act their Nazi Manifesto, with painfully little recognition of events by the sheeple masses or the subservient press talking heads. The national socialists are back in force after a 70-year hiatus, with far more toys and devices. Their telltale signals are bank welfare and a flag wrapped in a cross with unending press coverage of terrorism. During the last twelve years, financial treachery and banking criminality have run rampant in a true global spectacle, their stock & trade. However, treachery with permitted bank and bond fraud, rigged financial markets, naked short ambushes, flash crashes, and lawsuits that convert criminal procedures into standard low business costs all have resulted in profound consequences.
The entire world has reacted, with some significant momentum having been generated in the last year. Back in 2009, repeated in 2010, the Jackass had stated that the nations who are first to move toward a non-USDollar system will thrust themselves into a global leadership position while at the same time permit a recovery from the cancerous fiat currency system led by the USDollar as reserve currency flagship. A basic tenet, the security forces are given more power when security is undermined, even if violent events are perpetrated by the security agencies themselves in great spectacles. The Western nations really truly sincerely need a wake-up call on reality, and it is coming as a paradigm shift with shock waves. But consequences have a way of developing out of natural systems in reaction. Some scientific types call it Newton’s Law. Others call it the order of natural systems. The Jackass preference is to call it a defensive maneuver motivated by the survival instinct, whereby the cancer or pathology is isolated, trapped, then suffocated and extinguished, left to die on the vine or shed like bad skin.
TREACHERY, FRAUD, PROTECTION
The collection of treacherous practices, most of which emanate from the myriad USGovt offices, have invited stern reaction by the global players. These diverse treacherous practices, often implemented by the Wall Street banks and their ring leader the US Federal Reserve, have invited stern reaction by the global players. The broad cover for treacherous practices, provided protective cover by the USGovt regulatory agencies, have invited stern reaction by foreign nations in a powerful response. The disintegration of the financial foundation built of USDollar steel beams and USTreasury Bond cement blocks has been crumbling and collapsing for the last four years, ever since the Lehman Brothers failure and the integration of Fannie Mae & AIG under the USGovt roof, where their $trillion frauds are kept deeply hidden in the shadows and basement. While the Manhattan Made Men continue to attempt to hold things together, they struggle mightily, lacking sufficient fingers and toes to plug the vast leaky dikes. In response to predation and treachery, the rest of the world has not only been undergoing reaction, they have also been developing the reaction into organized structures. The main victim has been trust and security, for money, bonds, and bank accounts. All property not nailed down is at deep risk. The current wave of treachery and fraud follows the last wave, where most Americans saw their home equity vanish, many foreclosed and jettisoned from the homestead. The public should harbor no trust, while clinging to suspicion toward the leadership crew that undermined security with its own hands.
The list of acts steeped in treachery is long. The reactions are impressive. When viewed as the mosaic for actions coming to pass, the global response is indeed formidable. The micro events are important in their own right, as each hilltop must be retaken and restored. The macro events are what will en masse change the world, as a Paradigm Shift is underway. The United States and its fascist allies are not in control. They will not find a path to retain or regain control. They have no solutions. The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economies. The West is sinking in a sea of fecal soup, stirred with the toxic paper spew, infected by the rot of acidic corrosion, weighed down by absent legitimate solutions, exploited by criminal activity in high offices. The treachery has brought on powerful consequences.
The Western lords are being deposed. They can appeal for squire posts to the East, or else they can wreck the globe. The biggest question is whether new trade devices will win out over the chosen Western fascist predilection toward wider war, release of more virulent viruses, more obvious slavery pens, and louder propaganda.
MEGA-ACTION & MEGA-CONSEQUENCE
Break the Gold Standard of Bretton Woods Accord: The action has wrecked the entire global financial system, the destruction a slow burn. The banking leaders are caught in a monetary vise where monetary policy is stuck with ZIRP (0% forever) and QE to Infinity (endless bond monetization purchases). A constant wrecking ball has been applied to the capital structures. Deep damage has come to the financial markets from lost trust, vanished integrity, and no semblance of proper value. The world reacts by searching for a USDollar alternative, since the removal of the Gold Standard has crippled the world and permitted widespread fraud. The new standard will usher in the new Gold Trade Standard. Many are its forces. Many are its motives. Many are its devices. A picture says 1000 words. Observe the Concentric Rings of Death, the great implosion of the USDollar and fiat currency. The rebirth of the Gold Standard will be based in trade settlement, not the banking and currency systems. A grand sidestep is being undertaken under heavy risk. The West controls the banks and FOREX mart. The East has been controlling trade, the emerging economies who finally stand up to demand a voice, even a hand in architecture. They are learning new ways, building new roads, forging new paths.
ACTION & CONSEQUENCE
Quantitative Easing which is bond monetization: The action has unleashed hyper monetary inflation, known better as hyper monetary inflation by another less euphemistic name. The action constitutes a systematic undermine of assets held in reserve by angry foreign governments in the macro sense. The action debases the USDollar currency, in effect all currencies since they defend by competitive devaluations. Central banks around the world must debase their currencies, or else face economic hardship from lost export trade. The reserves held by governments, including sovereign wealth funds managed by government ministries, all lose value from the inflation effect by the USFed actions in debasement. The consequence is immediate. Eastern nations make decisions to diversify out of the USTBonds, the main US$-based vehicle. They have stepped up their accumulation of Gold bullion in reserves and wealth funds. They seek to discharge the USTBonds, and return them to sender. The owners of PIIGS sovereign debt can simply issue a sell order. But foreign nations must send USTBond back to their criminal underwriters and destructive central bank overlords. They must deploy more elaborate plans, like the Russians & Chinese building the Eurasian Trade Zone, who finance its infrastructure with USTBonds, sending the toxic bonds to London for digestion, then burial… Continue reading>>